Hong Kong

Hong Kong

28 Aug 2014
China Shipping Container Lines (CSCL) drifted into positive territory in the first half as a gain from one-time asset sales offset high costs and stubbornly weak freight rates that are troubling the liner industry.
28 Aug 2014
Rising revenue at Air China in the first half was not enough to lift cargo yield into positive territory, and the mainland carrier struggled against stiff competition and a weakening RMB-U.S. dollar exchange rate.
28 Aug 2014
The container sale and leasing business is not benefiting from rebounding trade volumes on major east-west routes as low rental yields and falling prices in a lacklustre shipping environment put the squeeze on the global market leaders.
Port de Djibouti
28 Aug 2014
China Merchants Holdings (International) is the second state-owned terminal operator to post positive first half results with total container throughput rising by 18 percent to 38.5 million TEUs, consolidating its position at the top of the mainland’s port operator table.
27 Aug 2014
Haier Electronics spent $60 million in the first half developing its logistics business as the well-known Chinese brand embarks on a bold new strategy to tackle the increasingly outsourced logistics requirements of household electrical appliances and consumer electronics.
Drewry’s Hong Kong-Los Angeles container freight rate benchmark was unchanged for the second week in a row at $2,075 per FEU.
27 Aug 2014
Spot rates in the trans-Pacific trade are holding steady as peak-season volumes continue to keep capacity tight on trips to the U.S. East and West Coasts.
Qingdao Qianwan Container Terminal
26 Aug 2014
Robust container throughput in the first half drove up Cosco Pacific terminal revenue by 18.9 percent as strengthening trade saw a total of 32.48 million 20-foot containers crossing the state owned group’s wharves.
Manila
22 Aug 2014
HONG KONG — The Philippines Ports Authority (PPA) estimates there are about 20,000 containers being held up at the ports of Hong Kong, Singapore and Kaohsiung that cannot enter Manila because of the congestion choking the terminals.
21 Aug 2014
A good peak season will lead to a shortage of containers, with the inventory of new boxes standing at less than two months of the required levels, Singamas chairman Teo Siong Seng said in Hong Kong.
21 Aug 2014
Singamas chairman Teo Siong Seng does not believe the antidumping and countervailing duty investigation the company is facing in the U.S. will have a lasting effect on its business.
Kerry Logistics chairman George Yeo and group managing director and executive director William Ma announce the company’s results.
18 Aug 2014
Kerry Logistics reported an 8 percent increase in net profit for the first half as its integrated logistics segment showed solid growth in China and across ASEAN.